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  • unveiled a joint venture
  • Marks & Spencer Group PLC unveiled a joint venture with Reliance Industries Group that will lead to the opening of at least 50 M&S stores in India over the next five years as part of the United Kingdom-based retailer's international expansion plans. (wsj.com)
  • firms
  • The term joint venture is often used for commercial activities undertaken by multiple firms, which abide by contractually defined rules for sharing their assets and the consequent risks and gains of their joint action. (britannica.com)
  • The public sector often plays the role of a partner in a joint venture, developing agreements with outside firms or organizations to achieve particular goals. (britannica.com)
  • joint ventures
  • Although these types of partnerships have long existed, they became increasingly prevalent in the late 20th and early 21st centuries, and a number of advanced industrial countries embarked on significant joint ventures with the private sector to construct hospitals and mass transit systems and to invest in new technologies. (britannica.com)
  • Joint ventures are also widespread in developing nations and indeed are often explicitly promoted by foreign governments and nongovernmental organizations in granting aid and earmarked funds to developing nations. (britannica.com)
  • Joint ventures are often attractive to the public sector because they allow an infusion of private money and expertise in pursuit of public aims. (britannica.com)
  • However, joint ventures involving the public sector raise issues about the nature of accountability and the scope of state responsibilities. (britannica.com)
  • profits
  • Partners in a joint venture maintain a separate legal identity but are bound by agreements about how to share the equity , liability , and profits of their partnership. (britannica.com)
  • The New York-based investment bank and brokerage firm's profits were hit by a $655 million loss in its Japanese joint venture, Mitsubishi UFJ Financial Group. (forbes.com)
  • partnership
  • Joint venture , partnership or alliance among two or more businesses or organizations based on shared expertise or resources to achieve a particular goal. (britannica.com)
  • When the public sector is involved in a joint venture, it is often called a public-private partnership and involves public-sector investment and expertise in conjunction with a private-sector partner. (britannica.com)
  • private
  • As a result, the "publicness" of the venture is often opaque-the good or service may be co-owned and managed by both the public and private sectors. (britannica.com)
  • products
  • For more information on Dow Jones products covering venture capital and other financial markets, go to http://pevc.dowjones.com . (wsj.com)